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What are some key reasons for retiring?

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Quick Answer

Some key reasons for retiring are leisure time, grandchildren, stress at work, hobbies and travel, according to Fidelity Investments. Many people view retirement as a new stage of life and enter it for reasons that are not financial.

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In a survey of 2,293 retirees, 72 percent saw leisure time as a key reason to retire, while 64 percent chose stress at work as one of their reasons for retirement, notes Fidelity Investments. Sixty-two percent of retirees retired to spend more time with their grandchildren. More than half of the retirees surveyed also considered travel or hobbies as a somewhat strong or very strong reason to retire.

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